Refer to Figure 9.7. Because of the policy, consumer surplus fell by A) 10. B) 20. C) 12,500. ...

Author Question: Refer to Figure 9.7. Because of the policy, consumer surplus fell by A) 10. B) 20. C) 12,500. ... (Read 58 times)

Garrulous

Hero Member
Posts: 686

on: Jul 1, 2018

Refer to Figure 9.7. Because of the policy, consumer surplus fell by

A) 10.
B) 20.
C) 12,500.
D) 25,000.
E) 45,000.

Question 2

The scale economies index (SCI) is equal to:

A) the cost-output elasticity.
B) one minus the cost-output elasticity.
C) 100 times the degree of economies of scope (SC).
D) marginal cost divided by average cost.

beccamahon

Sr. Member
Posts: 338

Reply #1 on: Jul 1, 2018

Answer to Question 1

D

Answer to Question 2

B

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